Commercial Property

£925,000

The Parade, St Helier, JE2

FOR SALE

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Description

Located in the western part of St. Helier, within walking distance to the Parade Gardens, this mixed-use commercial property presents a great investment opportunity. The area offers a vibrant atmosphere, with a range of shops, coffee houses, restaurants, and gyms nearby, making it a desirable location.

The property consists of a vacant studio apartment, which requires refurbishment, and two 1-bedroom apartments that are currently tenanted but also in need of refurbishment. The rental income reflects the current condition of the property. Additionally, the building includes a commercial unit on the ground floor and a communal courtyard to the rear.

With an annual income of £64,000 and a potential yield of approximately 7%, this property offers solid returns once renovated. However, it does require a full refurbishment to unlock its full potential and increase rental income.

For more information or to arrange a viewing, please feel free to contact Adam Lescop on 01534 517103 or email adaml@gaudin.je

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Estate Agent

Gaudin and Co

22 Hill Street
St. Helier
Jersey
JE2 4UA
Call 01534 670333 View on agent's website View all properties